re: ESPN 30 for 30: Broke

Thinking about Bart Scott, they showed a part about them having to taxes in states they play games in, I had no idea. wtf. I knew you did that when you traveled to other countries, but had no idea you do it in different states because of playing some games there.

quote:Thinking about Bart Scott, they showed a part about them having to taxes in states they play games in, I had no idea.

Yeah, this is what gets a lot of players into tax trouble. Oddly enough, just about every story I've heard or heard about athletes and tax trouble, it's a football player that didn't pay taxes to the state of Wisconsin.

re: ESPN 30 for 30: Broke(Posted by Kracka on 10/3/12 at 8:45 am to DovaVol)

I enjoyed the show. I felt bad for Bernie Kosar. Yeah he's a drunk. But it seems as though that is the kind of environment he was brought up in. I found it really fricked up how his dad talked him into being his agent, let Kosar pay for their house and vehicles, and never told him he had struck a million dollar deal on the side.

re: ESPN 30 for 30: Broke(Posted by CocomoLSU on 10/3/12 at 8:55 am to Baloo)

quote:Kosar should have his own documentary. Jesus, I wouldn't trade lives with that guy on a bet. He's beyond messed up now.

No shite...that was borderline sad.

It was an interesting doc, but a bit too fast-paced for my liking...it was SO spliced together to where they were trying to make complete sentences using three different peoples' words spliced together. I wasn't a fan of that.

Also, most of it was just a few players bragging (and still bragging...Andre Rison). It didn't seem to be too informative. Enjoyable, yes. But not informative too much. It's also still difficult for me to feel sorry for these guys who blow everything as they make it. I realize some of them weren't raised to appreciate money and value, but still.. And the ones who didn't even realize they had to pay taxes and that kinda shite...nice work.

Also, this doc led me to discover something I never knew...when Lisa "Left Eye" Lopes died in that car crash, the passenger in the front seat was videoing it. Watched that last night (it shows the beginning of the crash when they swerved off the road). Eerie shite.

re: ESPN 30 for 30: Broke(Posted by BilJ on 10/3/12 at 10:37 am to bayou2003)

quote:Thinking about Bart Scott, they showed a part about them having to taxes in states they play games in, I had no idea. wtf. I knew you did that when you traveled to other countries, but had no idea you do it in different states because of playing some games there

For this reason I didnt like it much. Didnt really learn any new information from this documentary. We already knew these guys were really dumb with their money and all they really did was give us details about that.

quote:well mark brunell had a bunch tied up to fast food chains, too. they go belly up also

i'm not saying mashburn will go broke, but he's not exactly bucking the trends

I suspect one of the big differences between Mashburn and Brunell is whether they put themselves in debt to finance the restaurants. I would bet Mashburn saved a bunch of money while he was in the NBA and started launching his restaurants with cash. If one or two went bad, no sweat off his back. Whereas we know for a fact that Brunell put himself in debt for a lot of ventures.

Also, Mashburn may have been more thoughtful. Apparently he owns Outback and Papa Johns outlets. Brunell went into Whataburger. I don't know what the national intake for those chains are but I suspect the first two are better investments.

Theoretically, if you get the kind of money Mashburn and Brunell made, you should never have to go into debt again. The more debt you have, the more vulnerable you become. I think that's likely the biggest factor in all this.

Schilling 's biggest problem is that he put way too much of his own money into the video game venture. He got screwed when RI reneged on their promise due to budget cuts but he should have found other means of raising money.

A lot of guys went all in on real estate in the mid 2000s and lost everything. That's how you get a guy like Laettner who had 9 figure net worth and is now getting sued left and right. But since he didn't go all in with his own money, he is doing better than Schilling.

Mccants sounded suicidal. I doubt he has 18 months of sobriety. And Kosar seemed miserable. It is actually surprising how awful his life turned out because he is supposedly very intelligent.

This was a typical Billy Corbin film though. A lot of flash, catchy background music, etc but not a ton of new info.

quote:Schilling 's biggest problem is that he put way too much of his own money into the video game venture. He got screwed when RI reneged on their promise due to budget cuts but he should have found other means of raising money.

Biggest lesson in the Schilling case: Don't ever depend on the government for anything. At any level.

quote:Thinking about Bart Scott, they showed a part about them having to taxes in states they play games in, I had no idea.

I once interned for a Big 4. We had a player who not only had to fill out something like 18 state tax returns and several city tax returns, including New York and Cincinnati. This was before the internet exploded so it was my job to get all the city returns sent by fax.

quote:Also, most of it was just a few players bragging (and still bragging...Andre Rison). It didn't seem to be too informative. Enjoyable, yes. But not informative too much. It's also still difficult for me to feel sorry for these guys who blow everything as they make it. I realize some of them weren't raised to appreciate money and value, but still.. And the ones who didn't even realize they had to pay taxes and that kinda shite...nice work.

the guy behind the doc, Corben, did Cocaine Cowboys and the U, docs based on people getting caught and bragging about it.